Net Loss Per Share

3 Months Ended

Mar. 31, 2022

NET LOSS PER SHARE

The following table sets forth the computation of the Company’s basis in diluted net loss per share for the three months ended March 31, 2022 and 2021 (in thousands except share and per share amounts):


	Three Months Ended March 31,
Numerator:	2022		2021
Net loss	$	(8,491)	$	(5,355)
Denominator:
Weighted-average common shares outstanding	7,167,255		527,693
Less: Weighted-average unvested restricted shares and shares subject to repurchase	—		(20,243)
Weighted-average shares used to computing basic and diluted net loss per share	7,167,255		507,450

Net loss per share attributable to common stockholders—basic and diluted	$	(1.18)	$	(10.55)

As of March 31, 2022 and 2021, the Company’s potentially dilutive securities included outstanding convertible preferred stock, stock options, unvested restricted stock and stock warrants, which have been excluded from the computation of diluted net loss per share attributable to common stockholders as the effect would be anti-dilutive. Based on the amounts outstanding as of March 31, 2022 and 2021, the Company excluded the following potential common shares from the computation of diluted net loss per share attributable to common stockholders because including them would have had an anti-dilutive effect:


	As of March 31,
	2022	2021
Series A preferred stock	—	547,400
Series B preferred stock	—	811,013
Series B-1 preferred stock	—	2,334,500
Options to purchase common stock	1,076,560	504,598
Unvested restricted common stock	—	17,081
Common stock warrants	6,036	6,036
	1,082,596	4,220,628